12385 NW Highway 225a
About This Property
The Wordley Martin arena is sub-irrigated & mirrored & 80' x 200' with plenty of open room to expand. The main center aisle barn currently is set up with 10, 12' x 12' stalls & 4, 12' x 24' stalls but easily configured to have 18, 12' x 12' stalls. the detached building next to barn has additional 4, 12' x 14' stalls for a total of 18-22 stalls.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 12, 2024 | Sold | ||
| Sold | |||
| Jan 18, 2024 | In contract | - | |
| In contract | |||
| Dec 1, 2023 | Listed by GOLDEN OCALA REAL ESTATE INC | $4,875,000 | |
| Listed by GOLDEN OCALA REAL ESTATE INC | |||
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One-of-a-kind exceptional turn-key horse farm with prime location between WEC 1 & the future WEC 2 (Ocala Jockey Club)! This gorgeous 23+ acre equestrian estate on the famous "Millionaires Row" boasts a large main house w/ pool & spa, guest cottage & barn w/ barn apartment! The main house has amazing views from every window of the infinity edge pool & lush grass pastures with mature oak trees. It also has 4 generous bedrooms plus an office & fitness/ 5th bedroom. There are many upscale features including Sub-zero refrigerator & freezer, Wolf appliances & a luxurious master bathroom w/ bedroom-sized walk-in closet. The detached guest cottage is spacious with private laundry, covered parking & extra storage. This well-designed farm features every amenity a top-level equine training facility desires including up to 22 stalls (14-18 stalls in main center aisle barn & 4 other 12' x 14' stalls), comfortable 1 bedroom barn apartment, 2 grooming stalls, feed room, huge tack room with 1/2 bath, laundry & AC, Wordley Martin arena with mirrors, large detached garage/storage building, round pen, numerous wash stalls & 11 large grass paddocks with water & 4 board fencing. This exceptional & private equestrian estate is a must see!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017